#Bitcoin = Daily Analysis = 15.07.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading

Today $BTC closed with a standard bearish continuation candle. No sign of bullish reversal yet. The odds are bearish on all time frames. Let’s explore the hypothesis.

Daily
Today’s red candle canceled the doji of yesterday. Volume has increased, MACD and RSI are supporting the decline. All the monthly, weekly and daily prices are trailing well below the 8 EMA on each chart.
The price has tipped below 50w MA on the weekly chart – still have to wait for 2 more days to confirm that.

At least two strong green candles closed above 20 EMA line should happen before I consider the first sign of a rally off the bottom.
Odds: Bearish

Forecast

Yesterday I predicted that we should expect further horizontal/down moves if BTC closes below $33.3. It did and it looks like it’s on the way to lower, possibly much lower prices.

The 50w MA could provide support for a short-term rally. However, as long as BTC does not close above $32.8 tomorrow, there is nothing bullish.

The long term perspectives and the chart can be found in the Monthly Analysis by the link below.

Follow the blog in Twitter @InvestingAngles or by email subscription. Comment, Like and Retweet.

As tweets are often buried among the other tweets on the topic and one is looking for regular updates, I recommend that you to sign to the email updates in the blog – every single post will be automatically sent to your inbox.

Previous Weekly Analysis:

Previous Monthly Analysis:

One thought on “#Bitcoin = Daily Analysis = 15.07.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading

Comments are closed.

%d bloggers like this: